At innogy Innovation Hub, we are always searching for the next “big thing” in technology that can help drive a smart and digital energy system of the future. Lucky for us, we found another cutting-edge start-up to help us drive the vision towards the transformation of buildings into smart organism – meet our newest Innovation Hub family member, Calipsa.
Our latest seed investment, Calipsa, is an AI powered closed circuit television (CCTV) monitoring company based in the UK. Typically, CCTVs – such as surveillance cameras – are closely monitored and analysed by humans. Calipsa aims to transform the traditional process of CCTVs with its state of the art platform, leveraging deep learning techniques to automatically analyse CCTV video feeds and provide actionable alerts in real-time. In doing so, Calipsa supports human operators by enabling faster and more efficient decision-making while also reducing false alarms - in excess of 50%.
This is a break-through, especially when you think of CCTVs in relation to theft and burglary prevention. Calipsa’s technology can help protect important assets such as commercial buildings, construction sites, manufacturing facilities, retails outlets, and more. Additionally, with its technology hosted in the cloud, Calipsa requires no up-front capital expenditure for its customers – which there are plenty.
There are currently 250 million professionally installed CCTV cameras in the world. The market for alarm monitoring services exceeds $50 billion globally and shows no signs of slowing down with reported double-digit annual growth driven by decreasing camera costs, improved networking and an increased focus on security.
Aside from the market potential, which is huge, Calipsa’s excellence in technology aligns with our vision of a world that is decentralised, smart and connected – making them the perfect addition to our portfolio.